Question
A fixed asset costing Rs 12,000 was sold for Rs 5,000. At the date of disposal, it's net book value is Rs2,000. What is the profit or loss on disposal of this fixed asset?
Answer: Option B
:
B
Gain =5000 - 2000 = Rs 3000
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:
B
Gain =5000 - 2000 = Rs 3000
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